Tesla shares fall 4% amid inflation fears and energy shocks after April CPI report

Tesla stock dropped about 4% following a broader market sell-off triggered by April's Consumer Price Index (CPI) report, which showed inflation rising to 3.8%, higher than expected. The energy sector saw a 3.8% price increase due to geopolitical tensions affecting the Strait of Hormuz, adding pressure on markets. Despite the decline, Tesla remains above key moving averages, though its overbought momentum suggests possible near-term pullbacks. Analysts maintain a Buy rating with an average price target around $431, but traders are watching key resistance at $436.50 and support at $364.00 for the stock's next moves.